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Kadena launched at EthCC in Cannes that its lengthy-planned Chainweb EVM testnet is are residing. Unlike Ethereum L2s that promise scaling thru rollups, Chainweb EVM runs on Kadena’s braided proof-of-work structure, designed to scale horizontally without fragmentation from discrete sequencers or bridges.
The final consequence, in accordance to Stuart Popejoy, Kadena co-founder and CEO, is “seamless EVM compatibility without compromising decentralization or throughput.”
“Here is vanilla EVM with Pectra, so you’ll likely be ready to deploy this day honest now onto our chains,” Popejoy suggested the target market in Cannes at EthCC this day.
Chainweb EVM before the entire lot runs 5 parallel EVM chains on testnet, with Kadena’s structure allowing this quantity to grow with quiz of, whereas mute declaring sub-cent transaction fees. As Popejoy explained:
“On every occasion we add chains, the throughput goes up linearly for that amount,” Popejoy said. “So as an illustration, once we went from 10 to twenty chains, our throughput doubled.”
Kadena’s existing chains bustle Pact, the network’s native spruce contract language, designed to prioritize security, auditability, and formal verification. Unlike Solidity (which is Turing-entire and would possibly per chance also explicit the relaxation at the price of complexity), Pact is deliberately Turing-incomplete.
But like so many L1s and frail L1s which accumulate adopted the EVM, the network results of Ethereum’s virtual machine — especially for things like tooling and wallets — are hard to disrupt. Steady this day, there had been extra EVM launches from heavyweights Ripple and TON, the utilization of the Cosmos stack.
Kadena is pitching its proof-of-work roots as a characteristic, no longer a worm:
“Proof-of-work is mute the most real and the most decentralized consensus know-how out there,” Popejoy said, although this is debated. “It eliminates the need for sequencers…and it’s a a lot extra real structure.”
But the proper inquire is whether or no longer developers and users will attain. Kadena knows that onboarding Solidity developers would require overcoming vital UX complexity right thru extra than one chains. Asked how they plan to summary this complexity away, Popejoy said:
“Since its start in 2020, Kadena’s multichain structure has uniquely allowed dApps to scale linearly with quiz of…With our upcoming Chainweb EVM start, we’re bringing this know-how to Solidity developers, each by adapting tactics from Pact besides to working with builder partners to leverage stepped forward fable abstraction and gasoline residence performance arriving with the Pectra EVM enhance.”
To assist bootstrap the ecosystem, Kadena is placing up proper money: a $50 million grant program, half of of it earmarked for Solidity-based dapps, AI integrations, and half of for proper-world asset (RWA) tokenization.
On the RWA side, Kadena is trying to distinguish with a compliance-first advance, in accordance to co-founder Annelise Osborne.
“Early adopters like MPact Capital and CurveBlock accumulate chosen Kadenas’s RWA well-liked as a consequence of it solves quite loads of serious challenges confronted by institutions: regulatory compliance thru our ONCHAINID framework, operational efficiency thru programmable dividend distribution (with compliance updates), and institutional-grade security without sacrificing transaction crawl or affordability,” Osborn suggested Blockworks.
Even with grants and valorous claims, Kadena’s anguish is evident: can they entice ample developers and users to protect proper activity once those incentives dry up?
“The aim isn’t honest to be one more EVM chance,” Popejoy suggested Blockworks, nonetheless moderately “the space where DeFi developers accelerate after they’re drained of coping with high fees, dreary transactions, and complex bridging.”
